TRE : Supplemental materials for the third quarter of the Fiscal Year ending March 31, 2022

TRE HOLDINGS CORPORATION

(Code: 9247, First Section, Tokyo Stock Exchange)

Supplemental materials for the third quarter of the Fiscal Year ending March 31, 2022

February 14, 2022

© 2022 TREホールディングス株式会社 All Rights Reserved.

Table of Contents

•	Summary of Consolidated Cumulative Q3 FY03/22 Results	… P3
•	TRE HOLDINGS CORPORATION
• Establishment of TRE HOLDINGS CORPORATION
	 Company Profile
	 Resource Circulation Business Scheme
	 Business Description
•	Q3 FY03/22 Results	… P9

• Market Environment
• Net Sales and Operating Profit by Segment
• Capital expenditures, Depreciation,
• Revision of Full-year Earnings Forecast and Dividends

• Medium-term Business Plan

… P15

• Progress of Medium-term Business Plan
• Segment Results for April 2021 to December 2021
• Progress in Integration Synergies

• Topics

… P19

• Launch of Solar Panel Recycling Business at Shinshu Takeei Co., Ltd.
• Construction Progress at Monzen Clean Park Co., Ltd.
• Circular Economy Initiatives
• Establishing a business scheme in anticipation of the enforcement of Plastics Resource Recycling Law (April 2022)

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Q3 FY03/22 Results

Summary of Consolidated Cumulative Q3 FY03/22 Results

					(millions of yen)
			FY03/22
	Cum. Q3		Full-year Forecast
	Initial Forecast (Note 1)	Revised Forecast (Note 2)
	Actual
		Progress		Progress
Net sales	45,038	64,000	70.4%	67,400	66.8%
Operating profit	5,143	5,700	90.2%	7,430	69.2%
Ordinary profit	4,919	5,560	88.5%	7,220	68.1%
Profit attributable to	3,018	3,300	91.5%	4,420	68.3%
owners of parent

• TRE HOLDINGS CORPORATION was established as a joint holding company on October 1, 2021, and for accounting purposes, TAKEEI CORPORATION is the acquiring company and REVER HOLDINGS CORPORATION is the acquired company. As a result, the consolidated financial results for the first nine months of the current fiscal year (April 1, 2021 to December 31, 2021) reflects the consolidated financial results for the first three quarters for TAKEEI CORPORATION (April 1, 2021 to December 31, 2021) and the consolidated financial results for the second quarter for REVER HOLDINGS CORPORATION (October 1, 2021 to December 31, 2021).
• YoY comparisons are not provided as this is the first fiscal year since the establishment of TRE HOLDINGS CORPORATION

Note 1: Initial full-year consolidated earnings forecast figures disclosed on October 1, 2021.

Note 2: Revised full-year consolidated earnings forecast

figures disclosed on February 14, 2022.

Operating profit: JPY5.1 billion

Upwardly revised full-year earnings forecast to reflect strong earnings (See page 14 for details)

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Establishment of TRE HOLDINGS CORPORATION

Challenges in the macro	Earth Global warming		Japan Population decline		Industry Inefficient management
environment	Resource depletion		Market contraction		Low reliability
	Plastic pollution		Aging infrastructure		Succession issues

Social needs	Realization of a highly	Realization of a zero-carbon
	advanced and sound
	society
	material-cycle society

Our response	Two companies sharing the same passion for the global environment decided to come
	together to jointly invest capital and boost efficiency.
	On October 1, 2021, TAKEEI CORPORATION and REVER HOLDINGS CORPORATION established
	a joint holding company with the aim of leveraging all economic resources to create synergies.
	ＴＲＥホールディングス株式会社

Try

Technology

Recycling

Renewable Energy

Earth Ecology

Try

Developing new Technologies Enhancing the Recycling business

Promoting the Renewable Energy business Preserving the Global Environment

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Company Profile

Corporate Philosophy	To contribute to the preservation of the global environment.
Establishment	October 1, 2021
Headquarters	Chiyoda-ku, Tokyo
Representative Directors	Naoto Matsuoka, Chairman and CEO
Mitsuo Abe, President and COO
Capital stock	JPY10.0 billion
Number of employees	2,106 employees (on a consolidated basis)
Group Businesses	Waste treatment and recycling, resource recycling, renewable energy, environmental engineering,
environmental consulting
Subsidiaries, etc.	39 subsidiaries, 6 equity-method affiliates
Number of locations	60 locations in Tokyo metropolitan area as well as Tohoku, Hokuriku, Koshin and Kansai regions,
1 overseas location in Thailand
Key customers	Major construction companies, home builders, major steel companies, trading companies, etc.

As of End-December 2021

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